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Bitcoin Analysis on 01.05.2024

Daily Bitcoin Analysis 01.05.2024
A.O.A And Good Morning to All Brothers and Sisters!

As Forecast Yesterday. We Have Created a New Low On Price Yesterday. And That Makes A Bit Changes. We Have Now a New Diagonal Line and Today We look The Chart On Daily Time Frame. Reason Is Monthly Candle is Closed under The Area(64850). And That A Bearish Signal, Even Actuall Candle Reverse and Eat All Last Month Candle.

On Chart You See Black area. Today's Candle Is Under That area And if Close Down Side Then We Have Another Bearish Confirmation.
According to These All Signals We Have More Chances To Drop Down Then Reverse The Trend.
Till 64000 Bitcoin Has Just Retracement. So Please Pay Attention On All You Buy Trades.
Wish You All A Very Nice Day.